Every 424B that Bank of America Corp (BACRP) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow BACRP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BACRP filings page.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Nasdaq-100® Index, the Russell 2000® Index and the S&P 500® Index. The notes are expected to price on July 21, 2026, issue on July 24, 2026 and mature on January 26, 2028, an approximate 18‑month term unless called earlier.
Investors may receive a 13.50% per annum contingent coupon (1.125% per month, $11.25 per $1,000) on each monthly observation date only if each index is at or above 70% of its Starting Value (the Coupon Barrier). Beginning October 26, 2026, the issuer may redeem the notes monthly at par plus any due coupon, ending all future payments. If held to maturity and the least performing index is below its 70% Threshold Value, principal is reduced 1:1 with that decline, with up to 100% of principal at risk; otherwise, principal is repaid and a final coupon may be paid. The notes are unsecured obligations of BofA Finance, guaranteed by BAC, will not be listed on any exchange, and all payments depend on the credit of both entities. The initial estimated value is expected to be $935–$985 per $1,000, below the $1,000 public offering price.
BofA Finance LLC is offering Contingent Income Buffered (with Memory Feature) Issuer Callable Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the iShares Russell 1000 Growth ETF, due January 25, 2029, fully and unconditionally guaranteed by Bank of America Corporation. Each Note has a $1,000 public offering price, with an underwriting discount of $2 and proceeds to BofA Finance of $998 per Note.
The Notes have an approximate 2.5‑year term and pay monthly contingent coupons with a memory feature: on any Observation Date where each underlying is at or above its applicable Coupon Barrier, the coupon per $1,000 equals $8.334 multiplied by the number of past Contingent Payment Dates minus prior coupons paid. Coupon Barriers step from 85% to 80% to 75% of each Starting Value; the Threshold Value for each underlying is 75% of its Starting Value.
Beginning October 27, 2026, the issuer may redeem the Notes quarterly at $1,000 plus any due coupon. If not called, and the least performing underlying ends at or above its Threshold Value, investors receive par plus any final contingent coupon. If it ends below the Threshold Value, repayment is reduced on a 1.33333% loss for each 1% decline beyond a 25% buffer, with up to 100% of principal at risk. The initial estimated value is expected between $945 and $995 per $1,000, the Notes are unsecured, subject to the credit risk of BofA Finance and BAC, and will not be listed on any exchange.
BofA Finance LLC is offering Contingent Income Auto-Callable Yield Notes due July 3, 2028, fully and unconditionally guaranteed by Bank of America Corporation. The notes are linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the VanEck Semiconductor ETF.
Investors may receive a 20.50% per annum contingent coupon (1.7084% monthly, or $17.084 per $1,000) only when, on an Observation Date, each underlying is at or above 70% of its Starting Value. Beginning January 28, 2027, the notes are automatically called if on any Call Observation Date each underlying is at or above 100% of its Starting Value, paying $1,000 plus the contingent coupon.
If the notes are not called and the least performing underlying finishes below 60% of its Starting Value, principal is exposed 1:1 to that decline, up to a total loss of investment; otherwise, $1,000 is repaid and a final coupon may be paid if all underlyings are at or above their coupon barriers. The notes are unsecured obligations subject to the credit risk of BofA Finance and BAC, are not listed on any exchange, and have an initial estimated value of $910–$960 per $1,000, below the $1,000 public offering price.
BofA Finance LLC is offering Contingent Income Auto-Callable Yield Notes due August 2, 2029, linked to the least performing of three ETFs: the Energy Select Sector SPDR (XLE), the Utilities Select Sector SPDR (XLU) and the VanEck Semiconductor ETF (SMH). The Notes pay a contingent coupon of 18.50% per annum, or $15.417 per $1,000 each month, but only if on a given Observation Date every Underlying is at or above 70% of its Starting Value.
Beginning January 28, 2027, the Notes are automatically called if on any Call Observation Date all three ETFs are at or above 100% of their Starting Values, returning principal plus that month’s coupon. If not called, and at maturity the least performing ETF is at or above 50% of its Starting Value, investors receive principal back (and the final coupon if the 70% barrier is met). If the least performing ETF is below 50% at maturity, repayment is reduced 1:1 with its decline, up to a total loss of principal. The Notes are senior unsecured obligations of BofA Finance, fully and unconditionally guaranteed by Bank of America Corporation, sold at $1,000 per Note with initial estimated value between $910 and $960, and will not be listed on any exchange.
BofA Finance LLC is offering Auto-Callable Notes in $1,000 denominations, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, and scheduled to mature on August 5, 2030.
The notes may be automatically called semi-annually from August 4, 2027, paying preset call amounts between $1,137.50 and $1,481.25 per $1,000. If not called, and each index finishes at or above its starting level, holders receive $1,550 per $1,000. If the worst index ends below its starting level but at or above 70% of its Starting Value, principal is returned; below that level, losses match the decline of the worst index, up to total loss of principal. The notes pay no periodic interest, are unsecured obligations of BofA Finance with BAC as guarantor, are not exchange-listed, and have an initial estimated value between $910.20 and $960.20 per $1,000, below the public offering price.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $2,000,000 principal amount of Medium-Term Notes, Series A, called Market Linked Securities due July 19, 2029. These callable notes pay a 13.40% per annum Contingent Coupon (3.35% quarterly) only if, on every eligible trading day in a quarter, the worst-performing of the S&P 500, Russell 2000 and Nasdaq-100 stays at or above 70% of its starting level.
The notes are callable quarterly from about three months after issuance at the issuer’s option, returning principal plus any due coupon. If not called, principal is fully repaid at maturity only if the worst index is at or above 60% of its starting level; otherwise, repayment equals $1,000 times that index’s performance, so investors can lose more than 40% and up to all principal. There is no upside participation in index gains or dividends. The initial estimated value is $993.30 per $1,000 note, below the $1,000 offering price, and all payments depend on the credit of BofA Finance and Bank of America. The securities will not be listed, and the issuer describes them as complex and riskier than conventional debt or simpler index-linked products.
BofA Finance LLC is offering $1,166,000 principal amount of Market Linked Securities, fully and unconditionally guaranteed by Bank of America Corporation, linked to the lowest performing of Alphabet Class A, Meta Class A and Deere common stock and maturing on July 19, 2029.
The notes pay a quarterly 21.00% per annum Contingent Coupon only if, on each Calculation Day, the lowest-performing stock is at or above its Coupon Barrier, set at 70.00% of its Starting Price, with a memory feature for missed coupons. From October 2026 to April 2029, the notes are auto-called if that stock is at or above its Starting Price, returning principal plus due and unpaid coupons.
If not called, investors receive $1,000 per note at maturity only if the weakest stock is at or above its Threshold Price, also 70.00% of its Starting Price; otherwise the payoff equals $1,000 times its Performance Factor, so losses can exceed 30% and reach all principal. There is no upside participation or dividends, the notes will not be listed, and the initial estimated value is $974.00 per note versus the $1,000.00 public offering price, with all payments subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC is offering market-linked, auto-callable notes linked to the S&P 500® Index, in $1,000 denominations, fully and unconditionally guaranteed by Bank of America Corporation. These senior unsecured Securities pay no periodic interest and are not listed on any securities exchange.
The notes may be automatically called if the S&P 500 closing level on a Call Date (from August 2, 2027 through July 29, 2030) is at or above the Starting Value, paying principal plus a fixed Call Premium of at least 7.65%, rising to at least 30.60% on the final Call Date (at least $1,076.50 to $1,306.00 per Security). If never called, principal is protected only by a 10.00% downside buffer; below that, holders have 1‑to‑1 downside exposure and may lose up to 90.00% of principal.
The public offering price is $1,000.00 per Security, with an underwriting discount of $25.75 and issuer proceeds of $974.25 before expenses. The initial estimated value on the pricing date is expected between $914.25 and $964.25 per Security, reflecting structuring and hedging costs. All payments depend on the credit risk of BofA Finance and BAC, and the Securities involve complex features and substantial market, liquidity, valuation, conflict-of-interest and tax risks.
BofA Finance LLC is offering $6,301,800 of Capped Buffer GEARS linked to the S&P 500 Equal Weight Index, due July 18, 2028, in $10 notes fully and unconditionally guaranteed by Bank of America Corporation.
The notes provide 2.00x leveraged upside on any positive index return, capped at a Maximum Gain of 19.70%, so the maximum payment at maturity is $11.97 per note. If the index return is zero or negative but the final level is at or above the Downside Threshold of 7,765.82, which is 90% of the Initial Value of 8,628.69, investors receive only the $10 principal.
If the final level falls below the threshold, repayment is reduced 1% for each percentage point decline beyond the 10% Buffer, up to a 90% loss of principal. The notes pay no interest, do not provide dividends from index constituents, are not listed, and may have limited liquidity. The initial estimated value is $9.745 per $10, reflecting dealer compensation and hedging costs, and all payments are subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $7,515,000 of Market Linked Securities—auto-callable notes with contingent downside linked to the S&P 500 Index. The notes are issued in $1,000 denominations, pay no interest, and are not listed on any exchange.
The notes are automatically called, returning principal plus a fixed Call Premium, if on any Call Date the S&P 500 closing level is at or above the Starting Value of 7,572.40, with Call Premiums rising to 17.000% if called on July 17, 2028. If not called and the index on the Final Calculation Day is between the Starting Value and the Threshold Value of 6,057.92 (80.00%), investors receive principal back; below the Threshold Value, principal is reduced one-for-one with the index decline, with losses potentially up to 100%.
The public offering price is $1,000 per Security, including a $17.75 underwriting discount, while the initial estimated value is $976.10 per Security, reflecting hedging and funding costs. All payments are subject to the credit risk of BofA Finance and Bank of America Corporation.
BofA Finance LLC is offering auto-callable senior unsecured notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Russell 2000 Index and the S&P 500 Index. The notes are expected to price on July 22, 2026, issue on July 27, 2026, and mature on July 25, 2030, with a term of about four years if not called.
The notes have a $1,000 denomination, no periodic interest, and are auto-callable quarterly starting July 28, 2027 if both indices are at or above 80% of their Starting Values. Call payments range from $1,082.500 to $1,309.375 per $1,000. If not called and the least performing index ends at or above its 80% Redemption Barrier, investors receive $1,330.00 per $1,000 at maturity; otherwise principal is reduced 1:1 with the decline of the least performing index, with up to 100% loss of principal.
Payments depend on the credit risk of BofA Finance and BAC. The initial estimated value is expected between $940.00 and $990.00 per $1,000, below the public offering price because of BAC’s internal funding rate, hedging-related charges, and distribution fees. The notes are not listed on an exchange and reference price return versions of the indices, so dividends are not passed through.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing on January 25, 2029.
The notes pay a 12.20% per annum contingent coupon (1.0167% monthly, $10.167 per $1,000) only if on each observation date all three indices are at or above 70% of their Starting Values. The issuer may redeem the notes monthly from October 26, 2026 at $1,000 plus any due coupon. If not called and the least performing index finishes below 60% of its Starting Value, principal is reduced 1:1 with the index loss, up to a total loss. Initial estimated value is $935–$985 per $1,000, below the $1,000 public offering price, and the notes are unsecured, unsubordinated obligations subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq‑100, Russell 2000 and S&P 500 indices, fully and unconditionally guaranteed by Bank of America Corporation. The notes have an approximate 3‑year term, expected to mature on July 20, 2029, in $1,000 denominations.
Investors may receive a 12.75% per annum contingent coupon ($10.625 per $1,000 monthly) only if on each Observation Date all three indices are at least 70.00% of their respective Starting Values; otherwise no coupon is paid. From October 22, 2026, the issuer can redeem the notes monthly at $1,000 per note plus any due coupon. If not called, and the least performing index ends at or above 70.00% of its Starting Value, principal is repaid; if it finishes below 70.00%, repayment is reduced 1:1 with the decline of that index, up to a 100% loss of principal. All payments depend on the credit risk of BofA Finance and Bank of America, and the initial estimated value of each $1,000 note is $940.00–$990.00, below the public offering price.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Russell 2000 Index and the S&P 500 Index, each with a $1,000 principal amount and fully and unconditionally guaranteed by Bank of America Corporation.
The notes run to August 5, 2031, but from February 4, 2027 can be redeemed quarterly at the issuer’s option at par plus any due contingent coupon. Holders may receive an 8.00% per annum coupon (2.00% quarterly) only when on an observation date both indices close at or above 55.00% of their starting values.
If the notes are not called and either index ends below 55.00% of its starting value, principal is reduced 1:1 with the decline in the worst-performing index, up to a total loss; otherwise principal is repaid, plus any final coupon if conditions are met. The notes are unsecured obligations subject to the credit risk of BofA Finance and BAC, will not be listed on any exchange, and have an initial estimated value of $939.90–$989.90 per $1,000, below the public offering price due to internal funding and distribution costs.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, maturing on January 26, 2028 with an approximate 18-month term.
The notes pay a 13.01% per annum contingent coupon (1.0842% monthly, $10.842 per $1,000) only if on each monthly observation date all three indices are at or above 70% of their starting levels. Beginning October 26, 2026, the issuer may redeem the notes monthly at par plus any due coupon. If not called and any index has fallen more than 30% at maturity, principal is reduced 1:1 with the worst-performing index, up to total loss; otherwise investors receive par plus any final coupon. The notes are unsecured senior obligations of BofA Finance, guaranteed by Bank of America, are not listed on an exchange, and have an initial estimated value of $940–$990 per $1,000, below the $1,000 public offering price.
BofA Finance LLC, guaranteed by Bank of America Corporation, is offering Capped Buffered Enhanced Return Notes linked to the Russell 2000 Index, due July 27, 2028, in $1,000 denominations with an approximately two-year term.
The notes provide 200.00% upside to index gains but cap total repayment at $1,305.00 per $1,000 (a 30.50% maximum return). Principal is protected only against the first 10% of index losses; if the index falls more than 10%, repayment declines 1:1 beyond that buffer, with up to 90% of principal at risk. The notes pay no interest, are unsecured senior obligations subject to the credit risk of BofA Finance and Bank of America, and are not listed on any exchange.
The public offering price is $1,000.00 per note, including up to a $6.00 underwriting discount, while the initial estimated value on the pricing date is expected between $936.00 and $986.00 per $1,000, reflecting the issuer’s internal funding rate and hedging-related charges.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, plans to issue auto-callable, index-linked notes tied to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, with an approximate four-year term ending August 5, 2030.
The notes pay no interest and may be automatically called semi-annually from August 4, 2027, returning principal plus a fixed Call Amount if each index is at or above its Call Value. If held to maturity and each index ends at or above its Starting Value, investors receive $1,634.00 per $1,000.00; if the least performing index ends between 70% and 100% of its Starting Value, only principal is returned. Below 70%, principal is reduced on a 1:1 basis with the decline in the least performing index, exposing up to 100% of principal to loss. The initial estimated value is $933.60–$983.60 per $1,000.00, below the $1,000.00 public offering price, and payments depend on the unsecured credit of BofA Finance and BAC; the notes will not be listed on any exchange.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes linked to the S&P 500 Index, fully and unconditionally guaranteed by Bank of America Corporation. The notes have an approximate 3-year term, from August 5, 2026 to August 3, 2029, unless called earlier.
Investors may receive semi-annual contingent coupons of 4.10% (8.20% per annum) when the S&P 500 closing level on an Observation Date is at least 70.00% of its Starting Value. Beginning February 4, 2027, the issuer may redeem all notes semi-annually at $1,000 per note plus any due coupon.
If the notes are not called and the S&P 500 is at or above 70.00% of the Starting Value on the Valuation Date, investors receive principal back plus a final coupon if the barrier is met. If it is below 70.00%, repayment is reduced 1:1 with the index decline, with up to 100% of principal at risk. The initial estimated value is $939.90–$989.90 per $1,000 note, below the public offering price, reflecting internal funding and hedging costs. Payments depend on the credit of BofA Finance and Bank of America, and the notes will not be listed on any exchange.
BofA Finance LLC, guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing on July 20, 2028, in $1,000 denominations.
The notes pay a 13.30% per annum contingent coupon (1.1084% per month, $11.084 per $1,000) only when on an Observation Date all three indices are at or above 70% of their Starting Values; otherwise no coupon is paid. Beginning October 22, 2026, the issuer may redeem the notes monthly at par plus any due coupon. If held to maturity and any index has fallen more than 30% from its Starting Value, repayment is reduced 1-for-1 with the decline of the worst-performing index, up to a total loss of principal; otherwise investors receive par plus any final coupon. The initial estimated value is $940–$990 per $1,000, below the $1,000 public offering price, reflecting dealer discounts, hedging costs and the issuer’s internal funding rate. Payments depend on the credit of BofA Finance and Bank of America, and the notes will not be listed, limiting liquidity.
BofA Finance LLC is issuing $2,995,000 of Contingent Income Auto-Callable Yield Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the S&P 500 Index, maturing on July 19, 2029.
The notes pay a contingent coupon of 12.10% per annum (3.025% quarterly, $30.25 per $1,000) only on observation dates when all three indices close at or above 70.00% of their respective starting values. Beginning with the January 15, 2027 call observation date, the notes are automatically called at $1,000 plus the coupon if each index is at or above 100.00% of its starting value on any call observation date.
If the notes are not called and, on the valuation date, the least performing index finishes below 70.00% of its starting value, principal is reduced 1:1 with that index’s decline, up to a total loss of principal; otherwise $1,000 is repaid and the final coupon may be paid if all indices are at or above the 70.00% barrier. All payments are subject to the credit risk of BofA Finance and BAC. The public offering price is $1,000 per note, versus an initial estimated value of $987.50 per $1,000, and the notes will not be listed on any securities exchange.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes due August 5, 2031, linked to the least performing of the Russell 2000 Index and the S&P 500 Index, in $1,000.00 denominations.
The notes pay a 7.00% annual contingent coupon (1.75% quarterly) only when, on an Observation Date, both indices close at or above 55.00% of their Starting Values. Beginning February 4, 2027, BofA Finance may redeem all notes quarterly at par plus any applicable coupon. If not called and the least performing index ends below 55.00% of its Starting Value, principal is reduced 1:1 with that index’s loss, up to full loss of investment; otherwise holders receive par and any final coupon. The notes are unsecured obligations subject to the credit risk of BofA Finance and BAC, are not listed on an exchange, and have an initial estimated value of $925.60–$975.60 per $1,000.00, below the $1,000.00 offering price.
BofA Finance LLC, fully and unconditionally guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the S&P 500 Index, scheduled to mature on August 3, 2029. The notes pay a 7.00% per annum contingent coupon (3.50% semi‑annually) when, on an Observation Date, the index closes at or above 70.00% of its Starting Value.
Beginning February 4, 2027, the issuer may redeem all notes on each semi‑annual Call Payment Date at $1,000 per $1,000 face amount plus any due coupon. If held to maturity and the S&P 500 has fallen more than 30% from its Starting Value, repayment is reduced 1:1 with the decline and up to 100% of principal is at risk; otherwise, principal is repaid and a final coupon may be paid if the 70.00% barrier is met. The initial estimated value is expected between $928.50 and $978.50 per $1,000, below the $1,000 public offering price, and the notes will not be listed on any securities exchange.
BofA Finance LLC is offering Contingent Income Auto-Callable Yield Notes linked to Abbott Laboratories common shares, fully and unconditionally guaranteed by Bank of America Corporation. The notes have an approximately 15 month term, $1,000 minimum denominations, and a public offering price of $1,000.00 per note.
Investors may receive monthly contingent coupons at 10.46% per annum ($8.717 per $1,000) when Abbott’s share price on an observation date is at least 71.00% of its Starting Value. Beginning February 1, 2027, all notes are automatically called at par plus the coupon if the stock is at or above 100.00% of its Starting Value on a Call Observation Date.
If the notes are not called and the Ending Value is below 71.00% of the Starting Value, your investment is subject to 1:1 downside exposure and you lose 1% of principal for each 1% decline, up to full loss. The unsecured, unlisted notes have an initial estimated value between $898.10 and $968.10 per $1,000, below the public price.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering senior unsecured notes linked to the S&P 500® Index with a term expected to be about 26–29 months. The notes pay no interest and are not listed on any securities exchange.
At maturity, each $1,000 note pays a fixed Threshold Settlement Amount expected between $1,168.30 and $1,197.90 if the S&P 500 final level is at least 85.00% of its initial level. If the index falls more than 15.00%, principal is reduced on a leveraged basis using a Buffer Rate of approximately 117.647%, so losses can reach 100% of invested principal. The initial estimated value is expected between $960.00 and $990.00 per $1,000, reflecting BAC’s internal funding rate and hedging costs, and a secondary market may be limited.
BofA Finance is offering Auto-Callable Enhanced Return Notes linked to the Nasdaq-100® Index at a public offering price of $1,000 per Note, fully and unconditionally guaranteed by Bank of America Corporation and maturing August 5, 2031, unless called earlier.
The Notes provide 150.00% upside participation if not called and the index finishes at or above its starting level, full principal return between 80.00% and 100% of the starting level, and 1:1 downside below 80%, with up to 100% loss of principal. They may be automatically called on August 4, 2027 for $1,111.50 per $1,000 if the index is at or above its starting level. There are no interest payments, the Notes are not listed, their initial estimated value ($918.50–$968.50) is below the offering price due to underwriting, referral and hedging costs and BAC’s internal funding rate, and all payments are subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering $250,000.00 of Contingent Income (with Memory Feature) Auto-Callable Yield Notes linked to Intel Corporation common stock, in denominations of $1,000.00 per note. The notes price on July 15, 2026, issue on July 20, 2026 and mature on July 19, 2029, unless automatically called.
Monthly contingent coupons are payable only if Intel’s observation value is at or above the Coupon Barrier of $51.50 (50.00% of the Starting Value $102.99). Beginning January 15, 2027, the notes are automatically called if Intel is at or above the Call Value of $102.99 on a Call Observation Date, paying principal plus the applicable coupon. If not called, and Intel’s ending value is below the Threshold Value of $51.50, investors are exposed to 1:1 downside and can lose up to 100% of principal; otherwise they receive principal back plus any final coupon. The initial estimated value is $963.90 per $1,000.00, below the public offering price, the notes are not exchange-listed, and all payments are subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Dow Jones Industrial Average, the Nasdaq-100 Index and the Russell 2000 Index, with an expected maturity on July 27, 2028.
The notes pay a 10.60% per annum contingent coupon (0.8834% per month, $8.834 per $1,000) on monthly observation dates only if each index is at or above 70.00% of its Starting Value, and are callable monthly from January 28, 2027 at par plus any due coupon. If not called, investors receive par at maturity only if the least performing index is at or above 60.00% of its Starting Value; otherwise principal is reduced 1:1 with index loss, up to a total loss.
The public offering price is $1,000.00 per note, with an underwriting discount up to $2.50 per $1,000.00 and a referral fee up to $4.00 per $1,000.00. The initial estimated value is expected between $940.00 and $990.00 per $1,000.00, reflecting BAC’s internal funding rate and hedging and distribution costs. All payments are unsecured and subject to the credit risk of BofA Finance and BAC, and the notes will not be listed on any securities exchange.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, plans to issue Auto-Callable Enhanced Return Notes linked to the Nasdaq-100 Index, due August 5, 2031, in $1,000 denominations.
The Notes offer no interest and may be automatically called on August 4, 2027 for a call payment of $1,140 per $1,000 if the Index is at or above its starting level. If not called, at maturity holders receive 150% of any Index gain when the final level is at or above the starting level, full principal back when the Index is between 80% and 100% of the starting level, and 1:1 exposure to Index losses below 80%, up to total loss of principal.
Payments depend on the credit of BofA Finance and BAC, the Notes will not be listed on an exchange, and the initial estimated value is expected between $935.20 and $985.20 per $1,000, reflecting internal funding rates, fees and hedging costs.
BofA Finance LLC, fully and unconditionally guaranteed by Bank of America Corporation, is offering Contingent Income (with Memory Feature) Issuer Callable Yield Notes linked to the least performing of the EURO STOXX 50, Nasdaq-100 and Russell 2000 indices, maturing July 29, 2031, with an approximate five-year term if not called early.
Each $1,000.00 note pays a monthly contingent coupon only when every index is at or above 50.00% of its Starting Value. The coupon uses a memory formula: $7.125 per $1,000.00 times the number of Contingent Payment Dates to date minus prior coupons, so missed payments can be recovered if conditions are later met. Beginning October 29, 2026, the issuer may redeem the notes monthly at $1,000.00 plus any due coupon.
If the notes are not called, principal is repaid at maturity only when the least performing index finishes at or above 50.00% of its Starting Value; otherwise investors have 1:1 downside to that index, with up to 100.00% loss of principal. The initial estimated value is expected to be $930.00–$980.00 per $1,000.00, below the $1,000.00 public offering price, reflecting underwriting discounts, hedging-related charges and the issuer’s internal funding rate. All payments are subject to the credit risk of BofA Finance and Bank of America, and the notes will not be listed, so secondary-market liquidity is uncertain.
BofA Finance LLC, fully and unconditionally guaranteed by Bank of America Corporation, is offering senior unsecured Autocallable Leveraged Index Return Notes linked to Broadcom Inc. common stock, with a $10 principal amount per unit and a maturity of about two years if not called earlier.
The notes may be automatically called after about one year if Broadcom’s stock is at or above its Starting Value, paying a Call Amount of $12.80–$13.10 per unit (a 28.00%–31.00% return). If not called, investors receive 150.00% of any positive stock return, or a positive “absolute” return for declines up to 35.00%, but face 1-to-1 losses below a 65.00% Threshold Value, with up to 100.00% of principal at risk. There are no interest payments or dividends, liquidity is limited, all payments depend on BofA Finance and BAC credit, and the initial estimated value of $9.325–$9.825 per unit is below the $10 public offering price due to fees, hedging costs and BAC’s internal funding rate.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100 Index, Nasdaq-100 Technology Sector Index and Russell 2000 Index. The Notes have an approximately 4-year term, $1,000 denominations and pay contingent quarterly coupons at 12.60% per annum ($31.50 per $1,000) only when each index closes on the relevant observation date at or above 70% of its starting level.
Beginning October 23, 2026, the issuer may redeem the Notes quarterly at $1,000 per Note plus any due coupon, ending all future payments. If the Notes are not called and, at maturity, the least performing index has fallen more than 40% from its starting level (below 60%), investors are exposed to 1:1 downside to that index and can lose up to all principal; otherwise they receive par plus any final coupon. The initial estimated value is $940–$990 per $1,000, below the $1,000 public offering price, reflecting internal funding rates, dealer compensation and hedging costs. Payments depend on the credit of BofA Finance and BAC, and the Notes will not be listed, so secondary market liquidity may be limited.
BofA Finance LLC is offering Auto-Callable Return Notes linked to the S&P 500 FC TCA 0.50% Decrement Index ER, fully and unconditionally guaranteed by Bank of America Corporation.
The notes have an approximately 7‑year term, no periodic interest and a minimum denomination of $1,000. Starting August 2, 2027, they may be automatically called if the index is at or above preset call values, paying call amounts of $1,092.50, $1,185.00 or $1,277.50 per $1,000 principal, depending on the call date.
If not called, holders receive at maturity 100% participation in any index increase when the ending level is at or above 100% of the starting level, otherwise they receive principal only. The initial estimated value is expected between $900.00 and $950.00 per $1,000 note, below the $1,000 public offering price, reflecting underwriting discounts, hedging-related charges and the issuer’s internal funding rate. The underlying index uses an 11.50% volatility target and applies borrowing, carry and transaction costs that reduce positive performance and increase negative performance, and all payments are subject to the credit risk of BofA Finance and Bank of America Corporation.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income Auto-Callable Yield Notes linked to the common stock of Advanced Micro Devices, Inc., maturing on January 27, 2028. The notes are issued in $1,000 denominations, have an approximately 18‑month term, and will not be listed on any exchange.
The notes pay a contingent coupon of 22.90% per annum (1.9084% per month, $19.084 per $1,000) for each month AMD’s observation value is at or above 50.00% of its starting value. Beginning with the January 25, 2027 call observation date, they are automatically called quarterly at par plus the coupon if AMD is at or above 100.00% of its starting value.
If the notes are not called and AMD declines by more than 50.00% from the starting value, principal is exposed to 1:1 downside with the stock and investors can lose up to 100% of principal, though a final coupon is paid if AMD is at or above the 50% barrier on the final observation date. The initial estimated value is expected between $930.00 and $980.00 per $1,000, below the $1,000 public offering price, and all payments are subject to the credit risk of BofA Finance and BAC.
BofA Finance LLC, fully and unconditionally guaranteed by Bank of America Corporation, is offering market-linked senior notes at $1,000 per Security, linked to the lowest performing of the Russell 2000, S&P 500 and Nasdaq-100 indexes and maturing on July 26, 2029.
The notes pay no interest and may be automatically called on scheduled dates in 2027, 2028 or 2029 if the lowest index is at or above its Starting Value, returning principal plus a fixed Call Premium of at least 15.300%, 30.600% or 45.900%, respectively.
If not called, holders receive full principal at maturity only if the lowest index on the Final Calculation Day is at least 75% of its Starting Value; otherwise repayment equals $1,000 times that index’s Performance Factor, so losses exceed 25% and can reach all principal. The securities are unsecured, not FDIC insured, will not be listed, and have an initial estimated value between $914.25 and $964.25 per Security, below the public offering price.
BofA Finance LLC is offering auto-callable senior notes linked to the S&P 500 Index, with a public offering price of $1,000 per note and a full guarantee from Bank of America Corporation.
The notes have an approximately six-year term, maturing July 26, 2032, and pay no periodic interest. Starting July 21, 2027, they are automatically called on annual observation dates if the index closing level is at or above its starting level, returning the applicable call amount from $1,102.50 up to $1,512.50 per $1,000 of principal. If the notes are not called and the index ends at or above its starting level on the valuation date, holders receive $1,615 per $1,000 at maturity.
If the notes are not called and the index finishes below its starting level, the redemption amount is reduced in proportion to the index decline, down to zero, so principal is fully at risk. The initial estimated value is expected to be $929.30–$979.30 per $1,000, below the public price, reflecting the issuer’s internal funding rate, underwriting discount and hedging costs. The notes are unsecured, not listed on any exchange, and all payments depend on the credit of BofA Finance and Bank of America.
BofA Finance LLC is offering Contingent Income Auto-Callable Yield Notes linked to the least performing of IBM and Oracle stock, fully and unconditionally guaranteed by Bank of America Corporation, at $1,000 principal per note. The notes are expected to price on July 24, 2026, issue on July 29, 2026, and mature on July 27, 2029, unless called earlier.
The notes pay a 27.26% per annum contingent coupon (2.2717% monthly, $22.717 per $1,000) when on a monthly Observation Date both stocks close at or above 60.00% of their Starting Values. Beginning January 25, 2027, they are automatically called at $1,000 plus coupon if on any Call Observation Date both are at or above 80.00% of their Starting Values. If not called and at maturity the least performing stock finishes below 60.00% of its Starting Value, principal is reduced 1:1 with that decline, up to a 100% loss; otherwise investors receive par, plus a final coupon if the 60.00% barrier is met.
The public offering price is $1,000.00 per note, including up to $27.50 underwriting discount, for issuer proceeds of $972.50 per $1,000 before expenses. The initial estimated value is expected to be $870.50–$940.50 per $1,000, reflecting BAC’s internal funding rate and hedging costs. The notes are unsecured, unsubordinated obligations of BofA Finance, fully guaranteed by BAC, will not be listed on any exchange, and all payments depend on the credit of both entities.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering senior unsecured Autocallable Strategic Accelerated Redemption Securities linked to Merck & Co., Inc. common stock. Each unit has a $10 principal amount and provides no periodic interest or dividend payments.
The notes can be automatically called after roughly one, two or three years if Merck’s share price is at or above the starting level. If called, investors receive total per‑unit payments between $11.75–$11.85 on the first observation date, $13.50–$13.70 on the second, or $15.25–$15.55 on the final date.
If never called and the final share price is below the starting level, repayment is reduced 1‑for‑1 with Merck’s decline, with up to 100% of principal at risk. The public offering price is $10.00 per unit, with $9.80 per unit to the issuer before expenses, including a $0.20 underwriting discount and a $0.05 hedging‑related charge. The initial estimated value is expected to be $9.21–$9.86 per unit. The notes are not FDIC‑insured, are subject to BofA Finance and BAC credit risk, and are not expected to have a liquid secondary market or exchange listing.
BofA Finance LLC is offering Enhanced Return Notes, fully guaranteed by Bank of America Corporation, linked to the least performing of the Nasdaq‑100 Futures Excess Return Index and the S&P 500 Futures Excess Return Index. The notes have an approximate 7‑year term, $1,000 denominations, pay no interest and are not exchange‑listed, so liquidity may be limited. Payments depend on issuer and guarantor credit.
At maturity, if both indices finish above their starting levels, holders receive principal plus 355.00% of the gain of the worst index. If the worst index is at or above 65.00% of its starting level, principal is returned. If it finishes below 65.00%, principal is reduced 1:1 with that index’s loss, up to a total loss of investment. The public offering price is $1,000 per note, with an initial estimated value between $891.30 and $961.30 per $1,000 due to internal funding rates, hedging costs and a $2.50 underwriting discount, so secondary values may be lower than purchase price. The indices are futures‑based excess return benchmarks that incorporate rolling and financing effects and, for the Nasdaq‑100 Futures Excess Return Index, include limited live history and back‑tested data. U.S. federal income tax treatment is described as uncertain.
BofA Finance LLC, fully guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Technology Sector Index and Russell 2000 Index. The notes have an approximate 18‑month term (to January 27, 2028), $1,000 denominations and a contingent coupon of 8.40% per annum (0.70% monthly), paying $7.00 per $1,000 when, on an observation date, each index is at or above 70% of its Starting Value.
Beginning October 28, 2026 the issuer may call the notes monthly at par plus any due coupon. If not called and the least performing index ends below 60% of its Starting Value, principal is reduced 1:1 with index losses, up to a 100% loss of invested principal; otherwise, principal is repaid and a final coupon may be paid. The initial estimated value is expected between $920 and $970 per $1,000, below the $1,000 public offering price, reflecting internal funding rates, underwriting discounts and hedging costs. Payments depend on the credit of BofA Finance and BAC, and the notes will not be listed on any exchange.
BofA Finance LLC, fully and unconditionally guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index, with maturity on July 19, 2029.
The Notes pay a contingent coupon of 0.8125% per month (9.75% per annum), or $8.125 per $1,000, on monthly Contingent Payment Dates only if the closing level of each index on the relevant Observation Date is at least 70.00% of its Starting Value, and the Notes have not been called. Both the Coupon Barrier and the Threshold Value for each index are set at 70.00% of its Starting Value.
Beginning April 21, 2027, the issuer may redeem all Notes monthly at $1,000 per Note plus any due contingent coupon, limiting potential income. If the Notes are not called and, at maturity, the Least Performing Underlying is below its Threshold Value, principal is reduced 1:1 with that index’s decline, up to a 100% loss of principal; otherwise investors receive par, plus a final coupon if all indices are at or above their Coupon Barriers. The initial estimated value is expected between $940.00 and $990.00 per $1,000, below the $1,000 public offering price, reflecting BAC’s internal funding rate, underwriting discount and hedging-related charges. The Notes are unsecured senior obligations of BofA Finance, guaranteed by BAC, not listed on any exchange, and all payments depend on the credit of both entities.
BofA Finance LLC is offering Buffered Auto-Callable Enhanced Return Notes, fully and unconditionally guaranteed by Bank of America Corporation, linked to the least performing of the Dow Jones Industrial Average and the S&P 500 Index, maturing on August 3, 2029. Each Note has a $1,000 public offering price and no periodic interest.
The Notes may be automatically called on August 2, 2027 for $1,100 per $1,000 if on that date both indices are at or above 100% of their respective Starting Values. If not called, at maturity investors receive 198.00% of the positive performance of the least performing index if both finish at or above their Starting Values; return of principal if the least performing ends between 85% and 100% of its Starting Value; or a 1:1 loss beyond a 15% buffer if it ends below 85%, with up to 85% of principal at risk.
The initial estimated value is expected to be between $940.00 and $990.00 per $1,000, lower than the public offering price due to internal funding, underwriting discount and hedging costs. Payments depend on the credit of BofA Finance and BAC, and the Notes will not be listed on an exchange, so secondary liquidity may be limited.
Bank of America Corporation is offering senior unsecured Fixed Rate Callable Notes due December 27, 2029 under its Series P medium-term note program. The notes pay a fixed interest rate of 5.00% per annum, with interest periods and payments occurring monthly on the 27th, beginning August 27, 2026, using a 30/360 day-count convention.
The issuer may redeem all (but not less than all) of the notes at 100% of principal plus accrued interest on any monthly call date from January 27, 2027 through November 27, 2029. The public offering price is 100.00% of principal, including a 0.35% underwriting discount, resulting in initial proceeds to Bank of America of 99.65% of the principal amount before expenses, and may include a hedging-related charge of up to $5.00 per $1,000.
The notes are unsecured, unsubordinated obligations of Bank of America and are not bank deposits or FDIC insured. There is no holder put right and no exchange listing, and any secondary market is expected to be limited. The risk disclosures highlight issuer credit risk, call risk, potential illiquidity, pricing impacts from embedded fees and hedging, conflicts of interest from affiliate market-making and hedging, and U.S. federal income tax treatment as fixed-rate debt instruments for U.S. Holders.
BofA Finance LLC is offering Contingent Income Auto-Callable Yield Notes linked to NVIDIA common stock, with a public offering price of $1,000.00 per Note and a contingent coupon rate of 14.30% per annum (1.1917% monthly). The notes have an approximately 13‑month term, are expected to price on July 28, 2026, issue on July 31, 2026, and mature on September 2, 2027, and are fully and unconditionally guaranteed by Bank of America Corporation.
Monthly contingent coupons of $11.917 per $1,000.00 are paid only if NVDA’s closing price on each Observation Date is at least 60.00% of its Starting Value (the Coupon Barrier). Beginning January 28, 2027, the notes are automatically called if NVDA is at or above 100.00% of the Starting Value, returning $1,000.00 plus the applicable coupon. If not called and NVDA has fallen by more than 40% at maturity (Ending Value below the 60.00% Threshold Value), repayment is reduced 1:1 with the decline, up to a complete loss of principal; otherwise investors receive principal back, plus a final coupon if the barrier is met. The initial estimated value is expected to be between $914.80 and $984.80 per $1,000.00, below the offering price, and the notes will not be listed; all payments depend on the credit of BofA Finance and BAC.
BofA Finance LLC, fully and unconditionally guaranteed by Bank of America Corporation, is offering Contingent Income Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100, Russell 2000 and S&P 500, maturing January 26, 2028, with an approximate 18‑month term.
The notes pay a contingent coupon of 11.75% per annum (0.9792% monthly, $9.792 per $1,000) on monthly observation dates only if each index closes at or above 70.00% of its Starting Value. Beginning October 26, 2026, the issuer may redeem all notes monthly at $1,000 per $1,000 principal plus any applicable coupon.
If the notes are not called and any index’s Ending Value is below 70.00% of its Starting Value, investors are exposed to 1:1 downside to the least performing index and can lose up to all principal; otherwise, principal is repaid and a final coupon may be paid. The notes are unsecured senior obligations of BofA Finance, guaranteed by BAC, will not be listed on any exchange, and have an initial estimated value between $940.00 and $990.00 per $1,000, below the $1,000 public offering price due to BAC’s internal funding rate, an underwriting discount of up to $2.50, a referral fee of up to $7.25 and hedging-related charges.
BofA Finance LLC plans to issue Buffered Auto-Callable Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq‑100 Index and Russell 2000 Index, fully and unconditionally guaranteed by Bank of America Corporation. The unsecured senior notes have an approximately 3‑year term, $1,000 denominations and pay no interest.
Beginning July 22, 2027, the notes are automatically called if each index is at or above its Call Value, paying $1,101 per $1,000 then or $1,202 on the July 2028 Call Payment Date. If never called and, at maturity, each index is at or above its Starting Value, investors receive $1,303 per $1,000.
The structure includes a 30% downside buffer. If the least performing index falls more than 30% from its Starting Value, principal is reduced 1:1 beyond that buffer, with up to 70% of principal at risk. The initial estimated value is $920–$970 per $1,000, below the $1,000 public offering price due to underwriting, hedging costs and BAC’s internal funding rate. The notes will not be listed, and sales to EEA and UK retail investors are restricted.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes due July 24, 2031, fully and unconditionally guaranteed by Bank of America Corporation. The notes are linked to the least performing of the Dow Jones Industrial Average, the Russell 2000 Index and the S&P 500 Index.
The notes pay a contingent coupon of 8.75% per annum (0.7292% monthly, $7.292 per $1,000) on each monthly Observation Date only if all three indices close at or above 60.00% of their Starting Values. Beginning July 23, 2027, BofA Finance may redeem the notes monthly at $1,000 per note plus any due coupon, ending further payments.
If the notes are not called and, at maturity, the least performing index is below its 70.00% Threshold Value, principal is reduced 1:1 with that index’s decline from its Starting Value, putting up to 100% of principal at risk. The initial estimated value is expected to be $909.40–$959.40 per $1,000, below the $1,000 public offering price, reflecting internal funding, fees and hedging costs. All payments depend on the credit of BofA Finance and Bank of America, and the notes will not be listed on any exchange.
BofA Finance LLC is offering Contingent Income Issuer Callable Yield Notes linked to the S&P 500® Index, due July 29, 2031, fully and unconditionally guaranteed by Bank of America Corporation. Each note has a public offering price of $1,000, while the initial estimated value is expected to be between $940 and $990 per $1,000.
The notes pay a contingent coupon of 8.70% per annum (0.725% per month), or $7.25 per $1,000, on monthly Observation Dates when the S&P 500® closing level is at or above 75.00% of the Starting Value (the Coupon Barrier). Beginning January 28, 2027, BofA Finance may redeem the notes monthly at $1,000 per note plus any Contingent Coupon Payment then payable, ending all future payments.
If the notes are not called, at maturity holders receive $1,000 per note only if the S&P 500® Ending Value is at or above 70.00% of the Starting Value (the Threshold Value. Below that level, principal is reduced 1:1 with the index decline, with up to 100% loss of principal. Investors do not participate in any S&P 500® upside beyond principal repayment and coupons, and receive no dividends. All payments are subject to the unsecured credit of BofA Finance and BAC, and the notes will not be listed on any securities exchange, which may limit liquidity.
BofA Finance LLC is offering Contingent Income Buffered Issuer Callable Yield Notes linked to the least performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the State Street Utilities Select Sector SPDR ETF, due July 20, 2028. The notes are issued in $1,000 denominations at a public offering price of $1,000 and pay a contingent coupon of 10.85% per annum (0.9042% per month, or $9.042 per $1,000) only for months when, on the observation date, each underlying is at or above 70.00% of its Starting Value.
Beginning October 22, 2026, the issuer may redeem all notes monthly at $1,000 plus any due coupon. If not called, at maturity investors receive $1,000 per note if the least performing underlying is at or above 80.00% of its Starting Value. Otherwise, repayment falls 1:1 with that underlying’s decline beyond the 20% buffer, with up to 80.00% of principal at risk (a full underlying loss returns $200 per $1,000). The notes are unsecured obligations of BofA Finance, fully and unconditionally guaranteed by Bank of America Corporation, and will not be listed on an exchange. The initial estimated value is expected between $926.10 and $976.10 per $1,000, below the offering price due to internal funding, underwriting, referral and hedging costs. Investors may receive no coupons and all payments depend on issuer and guarantor credit and underlying performance.
BofA Finance LLC is offering Buffered Auto-Callable Notes linked to the least performing of the Dow Jones Industrial Average, Nasdaq-100 Index and Russell 2000 Index, fully and unconditionally guaranteed by Bank of America Corporation, with an expected term to July 26, 2029.
The Notes pay no periodic interest and are automatically callable if, on July 22, 2027 or July 21, 2028, each index is at or above its Call Value, for $1,101.00 or $1,202.00 per $1,000.00 respectively. If held to maturity and each Ending Value is at least its Starting Value, investors receive $1,303.00 per $1,000.00, a 30.30% total return.
If any index declines by more than 30% (Ending Value below its 70.00% Threshold Value), principal is exposed 1:1 to further declines, with up to 70.00% of principal at risk; between 70% and 100% of Starting Value, principal is returned. Payments depend on the credit of BofA Finance and BAC; the Notes are unsecured, not listed, and have an initial estimated value of $920.00–$970.00 per $1,000.00 versus a public offering price of $1,000.00, with issuer proceeds of $971.50 per Note before expenses.
BofA Finance LLC plans to issue Trigger Autocallable Notes linked to the S&P 500® Equal Weight Index, fully and unconditionally guaranteed by Bank of America Corporation. Each note has a $10.00 Stated Principal Amount and an expected term of about two years, with quarterly observation dates starting July 26, 2027. If on any observation date the index’s closing level (the Current Underlying Level) is at or above its Initial Value, the notes are automatically called and pay $10.00 plus a Call Return based on a fixed annual Call Return Rate between 8.40% and 9.10%, increasing the longer the notes remain outstanding.
If the notes are not called and on the final observation date the index closes below the Initial Value but at or above a Downside Threshold set at 75% of the Initial Value, holders receive only their principal back. If it finishes below the Downside Threshold, repayment falls in line with the index’s loss, down to a total loss of principal. The notes pay no interest or dividends, are senior unsecured obligations of BofA Finance, not listed on any exchange, and carry both market risk of the index and credit risk of BofA Finance and Bank of America. The public offering price is $10.000 per note, including a $0.175 underwriting discount, while the initial estimated value is expected between $9.225 and $9.725 per $10.